If you’re looking for an easy way to save money while shopping, Cheddar might be the app for you. Combining instant cashback, gift card offers, and spending insights, Cheddar stands out in the crowded UK cashback app market. Whether you’re a regular shopper or someone seeking better financial tracking, Cheddar offers an all-in-one solution to help you earn, track, and save money with ease.
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In this guide, we’ll dive into how Cheddar works, its key features, and why it could be a great addition to your financial toolkit.
What Is Cheddar?
Cheddar is a UK-based financial app designed to help you earn cashback on your everyday purchases while providing valuable insights into your spending habits. By linking your bank account, Cheddar automatically tracks your purchases, categorizes your spending, and offers cashback in real-time, particularly when you buy gift cards at major retailers.
Key Features of Cheddar
- Instant Cashback on Gift Cards
Buy gift cards for popular stores like Tesco, Sainsbury’s, and Asda, and receive instant cashback on every purchase. Some cashback rates go as high as 4%, which can add up quickly if you shop regularly at these retailers. - Spending Insights and Tracking
Cheddar provides detailed spending insights, tracking your purchases and categorizing them to help you identify potential savings. - Easy Set-Up
The app is simple to set up—download it, link your bank account, and start tracking your spending. You can also earn cashback from partner retailers without manually activating offers. - Peer-to-Peer Payments
Cheddar includes a peer-to-peer payment function, allowing you to send and receive money seamlessly.
How Does Cheddar Work?
Automatic Cashback
Link your debit or credit card to Cheddar, and the app will track your purchases at partnered retailers. Cashback is credited directly to your account without any extra steps.
Instant Cashback on Gift Cards
Purchase digital gift cards for major retailers like Marks & Spencer, Morrisons, and Adidas through the app to earn higher cashback rates.
How to Get Started with Cheddar
- Download the App: Find Cheddar on the App Store (iOS) or Google Play Store (Android).
- Enter the Referral Code: Use code FUTLWAY during registration for a £5 welcome bonus.
- Link Your Bank Account: Connect your bank account to track purchases and cashback automatically.
- Make Your First Purchase: Buy a £10 gift card and receive £5 cashback instantly.
- Start Earning Cashback: Track spending, earn cashback, and make smarter financial decisions.
Cheddar Cashback Rates and Retailer Partnerships
Cheddar partners with a wide range of UK retailers to offer cashback. Here are some top examples:
- Tesco: 2.5% cashback
- Sainsbury’s: 2% cashback
- Marks & Spencer: 4% cashback
- HelloFresh: 6% cashback
- Costa Coffee: 7% cashback
- Foot Locker: 10% cashback
Rates vary, so check the app for limited-time promotions.
Additional Cashback Offers You Might Like
- Everup: 10 million bonus coins on sign-up.
- Jam Doughnut: £3 instant cashback on your first purchase.
- Tuck: £6 instant cashback with your first purchase.
- Widilo: £5 instant cashback after signing up.
Pros and Cons
Pros
- Automatic and instant cashback.
- Easy-to-use interface with spending insights.
- Direct bank account withdrawals.
Cons
- Limited retailer selection compared to competitors.
- £5 minimum withdrawal threshold.
- Cashback rates on gift cards may fluctuate.
Frequently Asked Questions
How much cashback can I earn with Cheddar?
Up to 4% cashback on gift cards, plus automatic cashback at partner retailers.
Can I withdraw cashback directly?
Yes, to your linked bank account.
Is Cheddar free to use?
Yes, it’s completely free.
Is Cheddar safe?
Yes, it’s regulated by the FCA and uses Open Banking.
Conclusion: Is Cheddar Worth It?
Cheddar is an excellent app for earning cashback and gaining insights into your spending. With instant cashback on gift cards and a user-friendly interface, it’s worth trying—especially with a £5 welcome bonus!
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